Pike Smith & Kemp Rural & Commercial Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08326813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

FOR

PIKE SMITH & KEMP RURAL & COMMERCIAL LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T McArdle

Mr J P Hunt

REGISTERED OFFICE:

Mercury House

19-21 Chapel St

Marlow

Buckinghamshire

SL7 3HN

REGISTERED NUMBER:

08326813 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Intangible assets

4

-

12,000

Tangible assets

5

3,187

2,035

3,187

14,035

CURRENT ASSETS

Debtors

6

226,027

195,777

Cash at bank and in hand

65,498

19,794

291,525

215,571

CREDITORS

Amounts falling due within one year

7

270,039

153,401

NET CURRENT ASSETS

21,486

62,170

TOTAL ASSETS LESS CURRENT LIABILITIES

24,673

76,205

CREDITORS

Amounts falling due after more than one year

8

24,167

70,872

NET ASSETS

506

5,333

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

406

5,233

506

5,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7th December 2023 and were signed on its behalf by:

Mr T McArdle - Director

Mr J P Hunt - Director

1.	STATUTORY INFORMATION

Pike Smith & Kemp Rural & Commercial Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

at varying rates on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2022

and 31st December 2022

120,000

AMORTISATION

At 1st January 2022

108,000

Charge for year

12,000

At 31st December 2022

120,000

NET BOOK VALUE

At 31st December 2022

-

At 31st December 2021

12,000

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st January 2022

9,842

Additions

2,200

At 31st December 2022

12,042

DEPRECIATION

At 1st January 2022

7,807

Charge for year

1,048

At 31st December 2022

8,855

NET BOOK VALUE

At 31st December 2022

3,187

At 31st December 2021

2,035

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

13,265

20,340

Other debtors

212,762

175,437

226,027

195,777

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans and overdrafts

134,518

37,314

Trade creditors

3,303

5,762

Taxation and social security

123,114

102,116

Other creditors

9,104

8,209

270,039

153,401

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Bank loans

24,167

70,872

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2022 and 31st December 2021:

31.12.22

31.12.21

£

£

Mr T McArdle

Balance outstanding at start of year

54,388

51,287

Amounts advanced

165,142

61,914

Amounts repaid

(57,000

)

(58,813

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

162,530

54,388

Interest on the overdrawn directors loan account is being charged at the official rate of interest at 2%